Description: In light of recent life insurance company insolvencies, this session at the SOA 1990 San Francisco Spring Meeting looks at industry solvency issues. The question of whether or not there is a surplus crisis is debated.

Description: The financial industry has become increasingly interested in understanding and managing financial risks as well as business risk. While often perceived in terms of risk reduction or mitigation in the past, todays focus has expanded to improve performance and add to the value of the firm. Many banks and securities firms have built risk management areas to better manage their financial risks. Some insurance companies are moving in a similar direction, This session focuses on quantification of various financial risks insurers take on. From the Record of the Society of Actuaries, Vol. 24, No. 1. Maui Spring Meeting, June 15-17, 1998, Session 87PD.

Description: A number of insurance companies have recently implemented, or are in the process of implementing, economic risk capital. These programs are being implemented because of concerns with the existing regulatory and accounting frameworks and/or companies' desire to have a capital framework which is more consistent with their risk profile. From the Record of the Society of Actuaries, Volume 30, No. 2, Spring Meeting, San Antonio, TX, June 14-15, 2004, Session 47PD.

Description: Panel discussion focused on the Effective Use of Capital. Topics included: 1. Definition of capital 2. Appropriate level of capital and surplus in a life insurance company 3. Alternatives for deploying capital 4. Returns a life company should demand on invested capital 5. How much a company should charge for lending its capital in reinsurance transactions

Description: Companies operating in international markets have additional issues to consider from a risk management point of view. Fluctuations in exchange rates, political and sovereign risks, regulatory issues, capital management and human resources considerations are among these. This session gives attendees the opportunity to understand how multinationals currently deal with these issues and how they are functionally structured to handle the risk management process. From the Record of the Society of Actuaries, Volume 29, No. 1: Washington, D.C. Spring Meeting, May 29–30, 2003, Session 30PD.

Description: 1993 SOA Meeting, Quebec. This session is about capital management. Topics included: 1. Capital allocation. 2. Capital rationing. 3. Financial or product-line management issues.

Description: This presentation is a panel discussion, session 54PD, from the 2004 Annual Meeting of the Society of Actuaries, held October 24-27 in New York. Asking the question ‘what's causing a scarcity of capital in the life insurance and life reinsurance industries?’ the panelists discuss emerging sources of capital, and the issues surrounding capital, looking at possible responses from ceding companies, reinsurers, regulators, and rating agencies. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 3.

Description: Panel discussion focused on the Effective Use of Capital. Topics included: 1. Definition of capital 2. Appropriate level of capital and surplus in a life insurance company 3. Alternatives for deploying capital 4. Returns a life company should demand on invested capital 5. How much a company should charge for lending its capital in reinsurance transactions

Description: This presentation, session number 79PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held June 16-18 in Seattle. The panelists examine the history, growth, and the purpose of mutual life insurance companies, and the current interest in demutualization and the formation of the mutual holding company. They look at the current changing conditions—legal, economic, and market, and the search for alternative ways to access the capital markets. Topics include company management, advisors, regulators and their concerns, and recent activities among supporters and opponents of mutual company structure. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 2.

Description: The NAIC Life Risk-Based Capital Working Group has been working on modifications to the C-3 interest rate risk component of the statutory risk-based capital formula. Changes being considered may have a significant impact on the work of the valuation actuary. From the Record of the Society of Actuaries, Vol. 25, No. 3. San Francisco Annual Meeting CA, October 17–20, 1999, Session 33PD.